Gesher Acquisition Corp. II (NASDAQ:GSHR – Get Free Report) dropped 0.1% during trading on Friday. The stock traded as low as $10.60 and last traded at $10.6010. 6,467 shares traded hands during trading, a decline of 73% from the average session volume of 23,855 shares. The stock had previously closed at $10.61.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Gesher Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Read Our Latest Research Report on Gesher Acquisition Corp. II
Gesher Acquisition Corp. II Stock Down 0.1%
The stock has a 50 day simple moving average of $10.56 and a two-hundred day simple moving average of $10.47.
Gesher Acquisition Corp. II (NASDAQ:GSHR – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.05 earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On Gesher Acquisition Corp. II
A hedge fund recently bought a new stake in Gesher Acquisition Corp. II stock. Sona Asset Management US LLC purchased a new stake in Gesher Acquisition Corp. II (NASDAQ:GSHR – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 174,729 shares of the company’s stock, valued at approximately $1,810,000. Sona Asset Management US LLC owned about 0.85% of Gesher Acquisition Corp. II as of its most recent SEC filing.
About Gesher Acquisition Corp. II
Gesher Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, or similar transaction, with one or more operating businesses.
As a blank-check company, Gesher Acquisition Corp. II does not operate a conventional business and does not manufacture products or provide services to customers. Its activities are focused on evaluating potential acquisition targets and completing a transaction that would result in a publicly traded operating company.
The company is listed on the Nasdaq under the symbol GSHR.
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